5.1 \*\*Compliance; Organizational Issues\*\*. On the Acceptance Date, and at all
times thereafter until the Aircraft is returned to Lessor pursuant to this
Lease, Lessee agrees that it shall fully and timely perform and comply with,
or shall cause to be so fully and timely performed, all of the following: (a)
Lessee shall (i) duly observe and conform to all requirements of Applicable
Law relating to the conduct of its business or the Aircraft, (ii) obtain and
keep in full force and effect all rights, franchises, licenses and permits,
and all approvals by any Governmental Authority, in each case, required with
respect to Lessee’s performance of its obligations under the Transaction
Documents, the operation of the Aircraft or the proper conduct of Lessee’s
business, (iii) cause the Aircraft to be and duly registered in Lessor’s name
under the Transportation Code (including, by making all necessary reports, and
complying with any and all related re-registration and renewal requirements,
and taking all other actions required by Applicable Law), and (iv) pay and
perform all of its obligations and liabilities when due. (b) Lessee shall not
change its presently existing legal name or its form or jurisdiction of
organization without Lessor’s prior written consent, or its mailing, chief
executive office and/or principal place of business address without giving
Lessor thirty (30) days’ prior written notice of the same. If Lessee’s
presently existing organizational identification number changes, or if Lessee
currently has no such organizational number but is subsequently issued such a
number, Lessee shall immediately notify Lessor. (c) Lessee agrees to (i)
prominently display on the Aircraft the FAA Registration number, specified in
\_Schedule No. 1\_, or such other registration number as has been approved by